MSTNS to raise 5 bln won via stock sale

MSTNS-capital increase

MSTNS to raise 5 bln won via stock sale

SEOUL, Oct. 26 (Yonhap) -- MSTNS Co.on Tuesday announced that it will sell stocks to raise 5 billion won(US$4.3 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 1.28 million common shares at a price of 3,890 won per share. The stocks will be sold to the investors that the firm designated.

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